Backblaze (BLZE) Net Margin (2020 - 2025)
Backblaze (BLZE) posted quarterly Net Margin of 10.17% for Q3 2025, up 2897.0% year-over-year from 0.34% in Q3 2024, and up 48.0% quarter-over-quarter from 19.55% in Q2 2025.
Backblaze (BLZE) Net Margin (2020 - 2025) Analysis & Trends
Backblaze's Net Margin history runs 6 years deep, the most recent figure standing at 10.17% for Q3 2025.
- In Q3 2025, Net Margin rose 2897.0% year-over-year to 10.17%; the TTM figure through Sep 2025 stood at 24.37% (up 1345.0% YoY), while the FY2024 annual figure was 38.03%, up 2051.0% from the prior year.
- Net Margin for Q3 2025 stood at 10.17%, up from 19.55% in the prior quarter.
- The five-year high for Net Margin was 10.17% in Q3 2025, with the low at 73.15% in Q1 2023.
- The 5-year median for Net Margin is 42.48% (2023), against an average of 42.75%.
- The sharpest annual moves came in 2022 and 2024: Net Margin plunged 4098 bps in 2022, then jumped 3627 bps in 2024.
- Backblaze's Net Margin stood at 51.37% in 2021, then fell by 23 bps to 63.22% in 2022, then surged by 33 bps to 42.48% in 2023, then slipped by 0 bps to 42.55% in 2024, then soared by 76 bps to 10.17% in 2025.
- Business Quant data shows BLZE's Net Margin at 10.17% in Q3 2025, 19.55% in Q2 2025, and 26.94% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 36.78% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 30.88% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 55.08% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -5.90% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 29.55% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -24.42% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 2.69% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -24.31% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 1.32% |
| 10 | Backblaze | 1.10 Bn | 1.05 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -10.17% |
| Jun 30, 2025 | -19.55% |
| Mar 31, 2025 | -26.94% |
| Dec 31, 2024 | -42.55% |
| Sep 30, 2024 | -39.13% |
| Jun 30, 2024 | -33.08% |
| Mar 31, 2024 | -36.88% |
| Dec 31, 2023 | -42.48% |
| Sep 30, 2023 | -63.46% |
| Jun 30, 2023 | -58.31% |
| Mar 31, 2023 | -73.15% |
| Dec 31, 2022 | -63.22% |
| Sep 30, 2022 | -58.05% |
| Jun 30, 2022 | -55.95% |
| Mar 31, 2022 | -64.29% |
| Dec 31, 2021 | -51.37% |
| Sep 30, 2021 | -34.60% |
| Jun 30, 2021 | -14.97% |
| Mar 31, 2021 | -24.09% |
| Dec 31, 2020 | -23.43% |